How the Fed and ECB will let banks go bust in a new monetary reset

Today we consider how the next banking crisis could lead to a new monetary reset and how the ecb and the fed could let the banks go bust.
For many years now the banking sector has been in dire straits. The decision of government’s globally to shutdown their economies will unquestionably increase defaults of household and corporate borrowers placing enormous stress upon highly leveraged banks. Indeed, banking stocks have sold off heavily dramatically reducing the equity held on the companies balance sheets. Undoubtedly, a huge risk is apparent in Europe
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[YorkieLad]

I have served this country in conflict, worked hard my whole life, raised my kids to be honest and hard working and followed all the rules . If the great reset makes my bank go bust and i end up broke i and others will go Elite / rich hunting . The power`s that be are playing a very dangerous game .

[bobdole]

People who give up freedom for security soon lose both.

[artytomparis]

You are like the missing link in all the questions I've had. Thanks for being better than so called journalists.

[quadq]

Great - new sub.
Been saying this for months. There is NO POSSIBILITY the banks worldwide will be able to handle the level of incoming default about to hit. The banks will crash. All fiat currencies will crash to zero. New digital, at least partially metals backed, money system presented as the "only way out" in fact it will be the only way you can get your stimulus.

[LindaN]

If money doesn’t grow on trees, then why does banks have branches? 🤷🏻‍♀️

[ReynSpoonerfan]

Excellent Video..Next is Revelations..straight from the Bible.

[johnpillow]

My favourite financial channel this side of the pond...Miles Harris gives a clear and tabulated presentation of various issues concerning the economy whilst grabbing your attention and not exhausting the topic till you are distracted or tired of listening to him..Very thought provoking analysis by the life growth academy...Well done

[dougjamesvandals]

The Shift is near..the illusion is over.

[andrethorpe]

Over the last 12 years (2008) any
savings or bank investment deposits have yielded insignificant returns to any baby boomers, we are retiring with little hope that our retirement pensions or investments can sustain us in the future... Government & State pension & old age benefits are underfunded and will lead to significant downward adjustment to the lifestyles of the aged population... People today are living on false hope that those who govern will protect us from the corrupt financial system upon which we depend.

[botking]

Talk about this has been going on for over 10 years, I never knew this will actually happen and how close we are.

[terencehuang]

I am getting more seriously considering acre land to become self sufficient (veges, chickens, ..) to avoid the higher tax and the future mess in the financial system (will wait till the housing bubble crash next year or later)

[thehungergames]

Thanks Miles for your insight analysis. 😃 👌

[douglascarlson]

Thanks Miles ...

We can always count on you to give us the view from "under the hood." UBI is an underrated variable as we approach judgement day. If the U.S. implements UBI before resetting to the gold standard, hyperinflation will bring the economy to its knees.

[troylevi]

So if the bank goes down where is your stocks.0$ everyone should be getting physical gold silver and get away from stocks bonds and most of all banks

[DrRock]

George Gammon had a video about this early in the year...scary stuff!!

[meriterick]

The rich stay rich by spending like the poor and investing without stopping and the poor stay poor by spending like the rich yet not inverting like the rich

[hvac]

The game is rigged. Get your money out of the market and go home

[michaelflamingsword]

They are all thieves and robbers. For a tiny fraction another would do, you would go to prison.

[desartster]

Definitely not to be watched before bedtime....! Thanks Miles.

[Matt-Qodeshiym-talk]

Great presentation, thank you. I've subscribed.